BoE’s ‘difficult decision’ to stick with animal fat substrate
UK central bank rejects palm oil alternative, despite successful trials
The Bank of England (BoE) has today (August 10) announced it will continue to use a recently adopted substrate for the UK’s banknotes, despite a public outcry over the fact that it is produced using animal by-products.
The decision comes after a public consultation, discussions with stakeholders and technical analysis of potential alternative materials, the bank says. “This was a difficult decision,” the bank says in its decision document, ultimately basing its judgement on cost and
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